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Dec 4, 2012
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enormous savings to medicare. because when you look at the medicare issue, it's a proks -- it's a projection for 10 years and the projected rate two years ago was like 5%, 6%, and where are you, down in the 2% rate nounge? those are multibillion dollars a year that the american public will not have to pay in taxes and increases in the expenditures. so these things begin to add up. but there are many, many more savings. i don't want to dominate all this time. i see that other of our colleagues have come and joined us. i think it's your turn, peter. peter welch from -- i've been missing all the states, would you like to maybe be from alaska or, well, we'll just say vermont. mr. welch: i kind of like vermont but thank you. this is such an important issue about the future, about the future. we can get a deficit deal, the president is committed to doing it. it's got to be balanced. balance means there's got to be revenues, you know, our taxes, especially from the high income, are at historic lows. we have to have healt
enormous savings to medicare. because when you look at the medicare issue, it's a proks -- it's a projection for 10 years and the projected rate two years ago was like 5%, 6%, and where are you, down in the 2% rate nounge? those are multibillion dollars a year that the american public will not have to pay in taxes and increases in the expenditures. so these things begin to add up. but there are many, many more savings. i don't want to dominate all this time. i see that other of our colleagues...
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Nov 30, 2012
11/12
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medicare is solvent. and let me just turn -- medicare is solvent. medicare is solvent. medicare is solvent. and it is strong. it is solvent until 2024. social security, which is not even an issue, has nothing to do with this deficit. it's a trust fund. more importantly, it is solvent until 2037. let me repeat myself that medicare is solvent, social security is solvent until 2037. that is really a lifetime. and the gentleman has made a very good point that i would like to pursue in discussing fiscal deadlines. i have washed my mouth out with soap and will no longer yield to terminology that has been used that is falsifying where we are. let me first go over -- and i'm going to mix some apples and oranges a little bit what the president has offered us. i know we've heard it, but let me reinforce the fact, and my numbers are going to be not precise but i'm going to say that 1.2, 1.1, over one trillion in tax cuts. then war dividend, peace dividend of about one trillion. i will say war savings. i have signed on to expedite the return of our heroes from afghanistan, move int
medicare is solvent. and let me just turn -- medicare is solvent. medicare is solvent. medicare is solvent. and it is strong. it is solvent until 2024. social security, which is not even an issue, has nothing to do with this deficit. it's a trust fund. more importantly, it is solvent until 2037. let me repeat myself that medicare is solvent, social security is solvent until 2037. that is really a lifetime. and the gentleman has made a very good point that i would like to pursue in discussing...
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Nov 29, 2012
11/12
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security and medicare. entitlement reform is what they want so bad. again, we've already clearly shown social security has no place in this debate. but let's talk about medicare for a moment. in the affordable care act, so-called obamacare, which i used to not want to call it that but now i do. obama does care. he calls it obamacare because the republicans thought they could use it as an insult but it's actually a badge of honor. the affordable care act is estimated already with the bill we passed is estimated to save about $500 billion over the next 10 years. ms. jackson lee: that's right. mr. ellison: they say we only got to reform medicare. you know, there may be reforms to medicare that are important to do, but we already started that process with the affordable care act by reducing extra subsidies paid to medicare advantage plans. they said they were going to do it for cheaper. they did it for more. now we're saying, we are going to hold you to your word. and we used that -- closed the doughnut hole. a
security and medicare. entitlement reform is what they want so bad. again, we've already clearly shown social security has no place in this debate. but let's talk about medicare for a moment. in the affordable care act, so-called obamacare, which i used to not want to call it that but now i do. obama does care. he calls it obamacare because the republicans thought they could use it as an insult but it's actually a badge of honor. the affordable care act is estimated already with the bill we...
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Dec 6, 2012
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we will not block grant medicare -- medicaid, and we will not voucher or premium support medicare. in this context, it becomes dollars and since. -- cents/ . this is not going to be easy. i would suggest that in this quest for more reform to medicare and medicaid, if we can say by the 10th year of the budget horizon that we are on the right path, i think that is ok. entitlement reform -- >> the number is whether we have solved the problem. >> entitlement reform is tough and you cannot do it in 10 years. this is a long-term problem. we should be thinking about this in a 20 or 30-year horizon. cbo scoring makes it incredibly difficult. we don't want it to force us to make -- >> i would like to take a step back and step in a slightly different direction from the fiscal cliff and talk more about long-term and medium-term economic realities we face. in your written testimony to this committee, you warned against kicking the can down the road in definitely because of the adverse effect that might have on the economy. the medium and long-term impact it might have. i thought your analysis
we will not block grant medicare -- medicaid, and we will not voucher or premium support medicare. in this context, it becomes dollars and since. -- cents/ . this is not going to be easy. i would suggest that in this quest for more reform to medicare and medicaid, if we can say by the 10th year of the budget horizon that we are on the right path, i think that is ok. entitlement reform -- >> the number is whether we have solved the problem. >> entitlement reform is tough and you...
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Dec 4, 2012
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but the gas tax, i would add in along with medicare and medicare and social security, no one is out there fighting to decrease the gas tax. there's no protests outside of gas stations, it's something that is accepted at that keen of level. whereas there's plenty of interest in cutting other kinds of taxes. i can tell you as an elected ferble. i just think that these things which are tied specifically to benefits that people can see and can grab on to are just much easier to do and that there's some opportunity in this debate to da -- to do that. >> i want to make a quick point binesd resedge we did on this issue, are people willing to pay higher taxes to reduce the deficit? an it turns out that overall people are, with one big if. and that is if they feel certain it will actually go to reduce the deficit and there's so little trust that revenues that go to washington will be used there instead of for new spending or broken spending programs. so two lessons we took from that, not only does it have to be a balanced package, which it has to be just to fix the problem, but you have to find wa
but the gas tax, i would add in along with medicare and medicare and social security, no one is out there fighting to decrease the gas tax. there's no protests outside of gas stations, it's something that is accepted at that keen of level. whereas there's plenty of interest in cutting other kinds of taxes. i can tell you as an elected ferble. i just think that these things which are tied specifically to benefits that people can see and can grab on to are just much easier to do and that there's...
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Dec 4, 2012
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cut medicare specific number one. $600 billion. cut medicaid, pays for nursing homes for seniors, of course. priority number two. three, cut the adequate cola for seniors on social security. even though 40% of seniors depend principally or totally upon social security and the cola already underestimated inflation particularly for medicare, essentials they need. cut that. not a driver of the deficit but, hey, cut that. one more specific. preserve the bush-era tax rates for income over $250,000. it's not a tax increase for everybody who earns over $250,000. it's only the income over $250,000 that would get additional taxes if the bush-era rates went away and the president's proposal was passed. but, no, they want to preserve -- totally preserve tax cuts for income over $250,000. they want to preserve the reduced capital gains rate and dividends rate which principally who ben pets, who else, millionaires and billionaires. now -- benefits, who else, millionaires and billionaires. they did have the jay wellington wimpy plan. you remembe
cut medicare specific number one. $600 billion. cut medicaid, pays for nursing homes for seniors, of course. priority number two. three, cut the adequate cola for seniors on social security. even though 40% of seniors depend principally or totally upon social security and the cola already underestimated inflation particularly for medicare, essentials they need. cut that. not a driver of the deficit but, hey, cut that. one more specific. preserve the bush-era tax rates for income over $250,000....
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Dec 5, 2012
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it's not just medicare. we got 10,000 people a day going not medicare system, so that is a challenge, but that really says let's reform the system. host: where is the common ground? guest: the common ground is an acknowledgment that the cost of health care is going up as it has been in years' past, two and three times the rate of inflation is not sustainable. raising the inflation rate for the profit of growth. the position that the republicans has taken and mr. boehner is doing again and was rejected in the campaign is the voucher style approach. instead of reforming the system you impose the cost shift onto individuals. and that's what happened with the ryan plan. i mean basically he didn't change a thing, like prescription drug price negotiation. he said the government will give you $7,600, and then you're on for the rest. so the full burden of the rising health care cost gets shifted onto seniors in that case who don't have the ability to pay to for it. host: "usa today" writes that the republican propos
it's not just medicare. we got 10,000 people a day going not medicare system, so that is a challenge, but that really says let's reform the system. host: where is the common ground? guest: the common ground is an acknowledgment that the cost of health care is going up as it has been in years' past, two and three times the rate of inflation is not sustainable. raising the inflation rate for the profit of growth. the position that the republicans has taken and mr. boehner is doing again and was...
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Dec 4, 2012
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we have some mandatory reforms, medicare. there are some changes there and in medicaid and firm subsidies and a lot of different areas of -- farm subsidies and a lot of different areas. finally, although this does not go into the budget savings numbers, there are changes to social security. is solvent for the next 75 years and slightly more progressive. host -- making sure that social security a solvent for the next 75 years and slightly more progressive. host: establishing free income tax brackets -- three income tax brackets. what should we know about that? guest: the top rate is about 35%. it goes down 10%. what simpson-bowles does is, by broadening the base, you can take some of the revenue and lower the rates. the lower rate depends on how much you want to restrict those deductions and credits and how much revenue you want to raise for deficit reduction. you can get anywhere between 29 and 24% in terms of a top rate. there would be two other rates that would be significantly lower that we have in current law. the three r
we have some mandatory reforms, medicare. there are some changes there and in medicaid and firm subsidies and a lot of different areas of -- farm subsidies and a lot of different areas. finally, although this does not go into the budget savings numbers, there are changes to social security. is solvent for the next 75 years and slightly more progressive. host -- making sure that social security a solvent for the next 75 years and slightly more progressive. host: establishing free income tax...
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Dec 7, 2012
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has scored a number of different approaches to addressing medicare and medicade. i think there is also general agreement that in the context of the current discussion, we are not going to make any major structural changes. we are not going to block medicade. we are not going to voucher or premium support medicare. i think we all can roughly agree to that. so in this context, it becomes dollars and cents and doing the heart arithmetic. actually, conklinman brady, when you sit down and do the arithmetic and look at these proposals, it is really very hard. this is not going to be easy. i would suggest that in this quest for more reform to medicare and medicade, if we can say by the 10th year of the budget horizon we are on the right path, then i think that is ok. maybe we shouldn't be -- because entitlement reform shouldn't be done in a 10-year horizon. >> the number isn't the 10--year point but whether we have solved the problem. >> yes. entitlement is tough, and you can't solve it in 10 years. really we should be thinking about this in a 20 or 30-year horizon. c.b.
has scored a number of different approaches to addressing medicare and medicade. i think there is also general agreement that in the context of the current discussion, we are not going to make any major structural changes. we are not going to block medicade. we are not going to voucher or premium support medicare. i think we all can roughly agree to that. so in this context, it becomes dollars and cents and doing the heart arithmetic. actually, conklinman brady, when you sit down and do the...
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Nov 29, 2012
11/12
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there would be a 27% cut to doctor payments under medicare, something that congress continues to not let happen, but they have to find several billion dollars, or if they want to make it go away for good, several hundred billion dollars to fix that problem. so there are a lot of health related issues involved in these negotiations. there are a lot of people, a lot of republicans, who would like to bring the health care law into the negotiations of what happens with the fiscal cliff. they would like to do something as they always talk about entitlement reform. they would like to bring medicare on to the table to talk about perhaps doing something about revenues. so health care becomes an issue in the fiscal cliff talks even if it is not immediately impacted by what happens on january 1 if nothing is done. >> when it comes to physician reimbursement, are there people meeting up on capitol hill about this now? this is another one of these by december 31 issues. guest: there have been people meeting about this all year. when they decided to extend this. for a while this was happening eve
there would be a 27% cut to doctor payments under medicare, something that congress continues to not let happen, but they have to find several billion dollars, or if they want to make it go away for good, several hundred billion dollars to fix that problem. so there are a lot of health related issues involved in these negotiations. there are a lot of people, a lot of republicans, who would like to bring the health care law into the negotiations of what happens with the fiscal cliff. they would...
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Dec 5, 2012
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you'll have medicare. those health care providers who have $716 billion sucked out of the system will not be able to provide service to all the seniors and that's why we start hearing stories now, how obamacare's going to work. some say the age may be 75 that's tossed out by the panel. it won't be a death panel. but it will be a panel that says, ah, you're 75, no hip. no, you're too old. you don't get a hip. you don't get a knee. you're just going to have to suffer because you're not productive anymore. that is outrageous. every individual has value. and i would just like to conclude with words from my friend dick morris who said, i know there's a disagreement on when life begins in america, but for heaven's sake, we ought to agree that life ends when you die. that's why obamacare needs to go. with that i yield back. the speaker pro tempore: the gentleman's time has expired. the speaker pro tempore: for what purpose does the gentleman from texas seek recognition? mr. gohmert: madam speaker, i move that we
you'll have medicare. those health care providers who have $716 billion sucked out of the system will not be able to provide service to all the seniors and that's why we start hearing stories now, how obamacare's going to work. some say the age may be 75 that's tossed out by the panel. it won't be a death panel. but it will be a panel that says, ah, you're 75, no hip. no, you're too old. you don't get a hip. you don't get a knee. you're just going to have to suffer because you're not productive...
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Dec 6, 2012
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i've paid into the -- host: social security, medicare. caller: social security, i've paid into that all through my life. host: we appreciate you're watching, we appreciate you're calling. in any comment first of all for that caller? it's a little outside your baileywick. guest: this is a time when people in congress are talking more seriously about reducing the deficit, getting rid of fraud as the caller was talking about. than many times in the past. now, whether they can follow through on that goal is a question. but i would sort of advise the caller to keep paying attention and see whether maybe something that he would like comes out of this. host: you've been write being taxes for five years. you've been in washington now for five years, is that -- ok. so you've heard discussions about deficit reduction over the years and tax policy. guest: yeah. host: we always seem to focus on the out years. when it comes to a lot of these issues. do the out years ever come about or does policy get changed before any real cuts are made? guest: so th
i've paid into the -- host: social security, medicare. caller: social security, i've paid into that all through my life. host: we appreciate you're watching, we appreciate you're calling. in any comment first of all for that caller? it's a little outside your baileywick. guest: this is a time when people in congress are talking more seriously about reducing the deficit, getting rid of fraud as the caller was talking about. than many times in the past. now, whether they can follow through on...
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Dec 1, 2012
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it may not be possible to shave a little bit off of medicare reimbursement. we have to think very seriously about changing the way the process works. on the other side, noting that they did a moment ago, medicare, fundamental reform is essential. on the other side, let's pretend revenue increases because for increasing growth. we need real increases in revenues measured on a static basis and i think got to recognize that. if a possible if we can't do the whole job it is a scorecard of zeros. we still could have pay-as-you-go debit on a scorecard or restart, which would tell us in years further down the road we have to do to revenues or entitlements to save money that may be awake coupled with inadequate sequester to make the process work going forward. the last point i would make, in fact my old boss, leon panetta, who said with great frequency, our nation responds to problems either through the leadership or in crisis. .. >> michael? >> thank you. i am sure that had a lower number than lockout. if i didn't, i certainly should have. maybe the administration g
it may not be possible to shave a little bit off of medicare reimbursement. we have to think very seriously about changing the way the process works. on the other side, noting that they did a moment ago, medicare, fundamental reform is essential. on the other side, let's pretend revenue increases because for increasing growth. we need real increases in revenues measured on a static basis and i think got to recognize that. if a possible if we can't do the whole job it is a scorecard of zeros. we...